Isis v MCX — The battle begins for the US mobile payments market: 7-Eleven and Best Buy, both members of MCX, are reported to be removing contactless payments terminals from their US stores, prompting Isis CTO Scott Mulloy to accuse the merchants of reducing the security of the transactions they process.

Burger King to roll out mobile payments and rewards across the US, prepares to go global: “One of the reasons the platform was selected is its ability to be easily localized in terms of both language and cultural differences,” the chain says.

Biometric payments get thumbs up from French shoppers: More than 90% of the participants in a biometrics payments pilot are ready to make use of the technology, according to newly released results from the Natural Security Alliance.

Central bank puts the brakes on Chinese internet giants’ mobile payment plans: The People’s Bank of China (PBOC) has put a hold on the QR-based mobile payments services being rolled out by Tencent and Alibaba, citing concerns over the security of the verification procedures used by the firms.

Danish carriers offer mobile ecommerce payments, plan to expand to physical stores: “We have decided that payment or collecting payment or making payment is not any longer a bank service”, Peter Bredgaard, CEO of carrier-owned Paii, tells The Mobile Wallet Report.

Tarrytown Pharmacy uses beacons for shelf-edge offers: Shoppers need to wave their phone within six inches of the beacons — which supplier Shelfbucks calls “NFC-BLE” devices because of their short range — to get further information, offers and discounts about the particular product associated with each beacon device.

PowaTag signs up 240 retail brands for $100m multichannel mobile commerce launch: “We hope to have over half a million stores using our beacons by the end of the year,” Dan Wagner, CEO of the UK-based mobile commerce company that last year raised the largest ever Series A funding round for a technology startup, has told The Mobile Wallet Report.

US Bank to pilot mobile shopping platform: Like Powa, US Bank also plans to make use of digital watermarks that can be embedded in magazines, newspapers and catalogues as well as audio and video broadcasts, director of payments innovation Todder Moning explains.

Westpac to test Google Glass and Apple iBeacons: “Our CEO Peter Clare has given us a directive that we will deliver the best digital banking experience in New Zealand and the best digital banking experience in the world,” says Simon Pomeroy, the bank’s head of digital. “We really want to be at the forefront of this industry globally.”

]]>https://www.sjb.co.uk/2014/03/mobile-wallet-report-10-march-2014/feed/0The Mobile Wallet Report, 3 March 2014https://www.sjb.co.uk/2014/03/mobile-wallet-report-3-march-2014/
https://www.sjb.co.uk/2014/03/mobile-wallet-report-3-march-2014/#commentsMon, 03 Mar 2014 13:48:26 +0000https://www.sjb.co.uk/?p=2005Continue reading →]]>In this edition of The Mobile Wallet Report we present an eight page special report on a new tokenization framework being developed by EMVCo at the request of Visa, MasterCard and American Express.

Around a wide ranging interview with the chair of EMVCo’s board of managers, Christina Hulka, we set out why this addition to the existing EMV standards is set to have a profound impact on the future of the mobile wallet market.

Starbucks CEO to take charge of next gen payments initiative: “We are just beginning to appreciate the full magnitude and possibility of the Starbucks mobile payment platform opportunity,” CEO Howard Schultz has told investors.

Apple is “intrigued” by mobile payments, says CEO: “You can tell by looking at the demographics of our customers and the amount of commerce that goes through iOS devices versus the competition, that it’s a big opportunity on the platform,” says CEO Tim Cook.

PLUS: Amazon to offer Kindle checkout system to physical retailers, DIA launches mobile ordering and payment app, PixelPin offers visual PINs to banks and retailers, Four in ten Brits show interest in mobile payments, and more…

Icahn proposes PayPal spinoff: Activist investor Carl Icahn says PayPal should be split off from eBay as a separate business, but management has three reasons why the two should stay together.

MasterCard explains its plans for remittances: “We are going to offer a broader set of services which includes helping consumers get money, or receive money, and obviously to do it in a form that is electronic,” says Michael Fiore, the payments network’s group head of personal payments and mobile products.

Swedbank to close QR code payments service: “Actors in the market, consumers, merchants and other banks have not embraced the Bart solution to the extent that was anticipated,” Carl Molinero, the Swedish bank’s head of mobile payments, tells The Mobile Wallet Report.

Jordan preps national mobile payment platform: “Five mobile payment service providers are expected to link with the Central Bank of Jordan’s new JoMoPay switch,” the CBJ’s Maha Bahou says. Three are MNOs and two are card payment service providers.

InMarket rolls out Bluetooth beacons to US grocery stores: The first 150 stores are now going live and thousands of supermarkets are expected to sign up for the mobile marketing service by the end of this year, CEO Todd DiPaola says.

First Fido Alliance products demonstrated at CES: Products conforming to the consortium’s preliminary specifications for an open hardware-based replacement for passwords include a palm-sized iris verification device, a remote control for smart TVs that includes a finger scanner, portable fingerprint devices, voice verification software and a range of biometric dongles.

French beauty brand to use Hexapay meta wallet for ‘one-click’ mobile ordering: Biotherm Homme is to test a new “meta wallet” platform that enables customers to order and pay for products by scanning a standard barcode on a brand’s product.

Eftpos Australia trials cloud-based mobile payments: The new solution will work with any device, channel or payment transmission method, CEO Bruce Mansfield explains.

Wendy’s uses toll tags to speed up drive-through sales: Technology provider iDriveThru.com’s president Eli Grinvald explains how the fast food chain’s customers on Staten Island can use their existing EZ-Pass toll tag to avoid stopping to make a payment.

The Internet of Things gets closer: Jim Zemlin, executive director of the The Linux Foundation, explains why the AllSeen Alliance “is the best bet yet to make the promise of the Internet of Things a reality” and the Bluetooth SIG’s Errett Kroeter sets out how the new Bluetooth 4.1 specifications will improve the functionality of Bluetooth Smart devices and lay the foundations for the wireless standard to have a key enabling role in the Internet of Things.